Associate, Financial Analysis
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Newark, DE 19713
Duties: Work as part of the Market Risk RWA reporting team in Capital Management. Responsible for producing, analyzing, and explaining risk-weighted assets (RWA) under the Basel 2.5 rules across multiple legal entities to Line of Business (LOB) controllers and Corporate Financial Reporting. Support quantitative impact studies (QIS) for regulatory agencies; ad-hoc analysis requests for LOBs, business partners, senior management, and regulators; and, the implementation of the Basel rules. Responsible for Market Risk Capital (MRC) and calculate risk models developed by Model Risk and Development (MRaD) based on the Basel 2.5/3 rules. Work closely with MRaD to understand model methodology and model results. Responsible for understanding the methodologies used for Value at Risk (VaR), Stress VaR, Internal Model Specific Risk (SR), Incremental Risk Charge (IRC), and Comprehensive Risk Measure (CRM). Liaison with LOB business partners, MRMO and Operate to continuously improve the data quality and integrity of the inputs into the models. Conduct daily monitoring utilizing the firms Multi Asset Risk and Reporting tool (MaRRs). Work on production and analysis of weekly Market Risk RWA through the Firms Capital Desktop application. Provide RWA quarterly, monthly, and adhoc variance explains to support reporting and business decisions. Participate in target state implementation working groups in effort to streamline and improve the reporting process in the strategic Capital Reporting tool (Capital Desktop).
Minimum education required: Bachelor’s degree or equivalent.
Minimum experience required: 3 years of experience in Product Control, Capital Reporting, Risk Management, Finance, or related experience.
Skills Required: Must have demonstrated knowledge of financial markets and products including derivatives. Must have demonstrated knowledge of market risk methodologies and statistical models such as Value-at-Risk, Stressed Value-at-Risk, and Specific Risk. Must have experience working with technology developers in automating processes and performing user acceptance testing. Must have demonstrated knowledge of risk measures on financial products (including greek measures on derivative products (Delta, Vega, Gamma)). Must have experience analyzing large data sets. Must have experience using Microsoft suite applications including use of VBA. Must have experience performing detailed variance analysis of statistical market risk model outputs. Must have experience using risk management and reporting systems. Employer will accept any amount of professional experience with the required skills.
JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.